Looking at the Weekly Market Report of PSE dated July 11 to 15, 2015; I can't help myself to compare it with the PSE Weekly MarketWatch report of April 6 to 10, 2015 when PSE index recorded it's highest record close of 8127.48.
Last Friday the market index closed at 8030.06 the highest so far this year and just 96.94 points shy of 2015 highest PSE index record. This coming weeks, the question now is will the market break 8127.48 ?!
Using the 2 PSE Weekly MarketWatch report, we can see that NFBS reached +49.8B YTD in 2015 and is now stand at +43.1B YTD today, a difference of just 6.7B !
MACD show bullish signals, meanwhile RSI is now approaching overbought position.
NFBS 30 day trends shows continued flow of foreign funds to the market and
3 day session of more than average value transactions last week.
Deducing all the stats, I expect the market more on the uptrend beat this week, just waiting for some catalyst to move the market up to break the all time high of 8127.48.
CAVEAT !!!
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